Canoe is thrilled to announce that several of our clients have been named finalists in the 2024 Allocators’ Choice Awards! We want to extend our congratulations to Loyola University Chicago Endowment, EY, Purdue Research Foundation, Cleveland Clinic Investment Office, and Prudential Financial among others for this outstanding achievement. At Canoe, we are proud to partner with these industry leaders to help shape the future of our industry. View the full list of finalists here: https://hubs.li/Q02Hf9q_0
Canoe Intelligence
Financial Services
New York, NY 8,018 followers
Guiding the industry forward with smarter alts management
About us
Canoe has reimagined the future of alternative investments with cloud-based, machine-learning technology for document collection, data extraction, and data science initiatives. We transform complex documents into actionable intelligence within seconds and empower allocators with tools to unlock new efficiencies for their businesses. Our mission is to unlock efficiencies in alternative investment processes by introducing purpose-built automation into the workflows of institutional investors, asset servicers, capital allocators, and wealth managers. In 2013, Canoe was incubated within a private investment firm, Portage Partners, and evolved into the firm’s operating backbone. To this day, Portage does not employ any middle or back office professionals and instead relies solely on Canoe. In 2017, Canoe spun out and began offering its scalable solution to managing complex alternative investment documents and data in 2018. Since the beginning, we’ve maintained a focused, client-first approach to building and enhancing our technology and will continue to do so.
- Website
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http://www.canoeintelligence.com
External link for Canoe Intelligence
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2017
- Specialties
- Alternative Investments, AI, Machine-Learning, Data Extraction, Document Management, Institutional Investors, Family Office, Endowments & Foundations, Pension Fund, Wealth Manager, Fund of Funds, Investment Consultant, OCIO, RIA, Fund Administrator, Data Intelligence, Valuations and Transactions, Intelligent Data Solution, and Canoe
Locations
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Primary
307 Canal St
New York, NY 10013, US
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1 Temple Avenue
LG01
London, EC4Y 0HA, GB
Employees at Canoe Intelligence
Updates
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We're so proud to see Canoe's Head of People, Tiffany Mosher Taylor (she/her), recognized as one of the Top 50 Women Leaders of Massachusetts for 2024! Since joining Canoe late last year, Tiff has played an instrumental role in setting up Canoe's people resources for our next stage of growth. Following the announcement of our Series C last week, it's even more evident how much we need a strong leader like Tiff to support our growing team. Please join us in congratulating Tiff! https://hubs.ly/Q02G_pwW0 #AltsSmarter Women We Admire
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ICYMI: Canoe recently received $36 million in Series C funding, led by Growth Equity at Goldman Sachs Alternatives. Alternative investments now represent $22 trillion in assets under management, or 15% of global assets under management. This means we're in a critically important moment for advancing technology for managing investment documents and data. Below, Jade Mandel describes Goldman's interest in Canoe. Through our automated infrastructure, we drive improvements in data accuracy and access, team efficiency, and client satisfaction for investors. Read the release here: https://hubs.li/Q02GLRgT0 #AltsSmarter Goldman Sachs Asset Management
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Last week, a group of our clients, partners, and investors joined Canoe for our third annual Summer Social! Hours after announcing the news of our Series C, our team was especially grateful to be able to celebrate in person with the very people whose relationships have helped Canoe grow and thrive. Watch the highlight reel below, featuring photos from the night at Mr. Purple in NYC. #AltsSmarter
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Big news! We’re thrilled to share that Canoe has successfully closed a $36 million Series C funding round, led by Growth Equity at Goldman Sachs Alternatives with participation from existing investors F-Prime Capital and Eight Roads. This milestone marks a significant step forward for Canoe, representing a more than 3x increase in our valuation since our series B financing round last year. This funding will enable us to accelerate our strategic initiatives, global expansion, and the continued development of our core AI-driven platform for alternative investors. Read the full announcement here: https://hubs.li/Q02FNK8q0 Goldman Sachs Asset Management
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It's no secret that generative AI is already proving itself to be transformative, and private markets are no exception. Noel Calhoun, chief technology officer at Canoe Intelligence, shares more on the subject in a new thinkpiece. To fully take advantage of AI, providers and their customers alike need to truly understand the nuances of each model and have a deep first-hand understanding of the problems that they are trying to solve. Put simply, some problems fundamentally do not require a genAI solution, and no single genAI model is a one-size-fits-all for all problems. Learn more from Noel by diving into the piece, recently published by Global Custodian here: https://hubs.li/Q02Fs7Yz0 #AltsSmarter
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June passed by in the blink of an eye! This month, members of our team were hopping around the US and UK to represent Canoe at various events, including BNY Pershing INSITE, Institutional Investor Week, and The Drawdown Awards. We also hosted a Summer Social party in London and attended a couple of virtual, company-run events to educate employees on the history of both Juneteenth and Pride. Check it all out in our June 2024 Month in Review below. #AltsSmarter
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We've been nominated! A-Team Insight, from A-Team Group, has put Canoe up for "Best Cloud-Based Data Management Solution" and "Best AI-Based Solution for Data Management" in their upcoming Data Management Insight Awards USA 2024. Recognizing leading providers of data management solutions, services and consultancy to capital markets participants within North America, these awards are open to a public vote for the strongest contender in each category. Voting will close at noon (EDT) on Friday July 12th. To place your vote for Canoe, visit the Data Management Insight USA Awards 2024 voting site: https://hubs.li/Q02F2j4B0
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At Canoe, we are dedicated to creating a supportive, safe, and diverse environment for everyone. This month, we are celebrating LGBTQ Pride Month by showing our collective support for our employees and the broader LGBTQIA+ community. Our NYC headquarters are just about a mile away from The Stonewall Inn, the site of the Gay Liberation Movement’s tipping point—the June 1969 Stonewall Uprising. 55 years later, we asked some of our employees to explain what Pride means to them and how they plan to celebrate this year: https://hubs.li/Q02DB8XX0 Featuring: Tiffany Mosher Taylor (she/her) Jeffrey Lin Cássio Couto 🏳️🌈 #AltsSmarter #Pride2024
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This month, we're placing the spotlight on Kelley Megale, our Strategic/Enterprise Account Executive, Wealth Management. She discusses the "why" behind her highly collaborative and cross-functional approach to partnering with prospective clients, touches on why she was drawn to Canoe, and explains how she finds inspiration through her family, travel, and giving back. "We truly have amazing people who work at Canoe, and I try to showcase that to the prospect. They are not just signing up for incredible tech but will be working with a partner to help grow their alternative business in the future," said Megale. "When a prospect or client shares new functionality they are looking for, that is something our Product team is constantly working on. Having previously worked at larger corporations, seeing how quickly we can turn around an idea or feature has been exciting and refreshing." Read Kelley's full spotlight: https://hubs.li/Q02DcxCW0 #AltsSmarter
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